Rafhan Maize Products Co. Limited (PSX: RMPL) has announced plans to begin negotiations and conduct due diligence for the acquisition of a silo-based storage facility in Deepalpur.
The development was disclosed in a filing to the Pakistan Stock Exchange (PSX) earlier today.
The company stated that the acquisition is part of its strategy to enhance supply chain efficiency by improving the management of raw material storage. This move is expected to streamline operations and ensure better service delivery to its customers.
Rafhan Maize stated that the proposed facility would play a key role in optimizing its supply chain, enabling the company to meet customer demands more effectively.
he Company uses maize as the basic raw material to manufacture and sell several industrial products, the principal ones being industrial starches, liquid glucose, dextrose, dextrin and gluten meals.
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